Instacoins Estonia OÜ, a cryptocurrency brokerage, is pleased to announce it has received an operating license from the Estonian Financial Intelligence Unit (FIU). The company is now fully regulated under Estonian law to provide services of exchanging virtual currency against fiat.
Last year, Estonia tightened its regulations on preventing money laundering and criminal activities in connection with crypto-currencies and licensing virtual currency service providers. Following these measures, the Estonian licence has re-enforced its status as one of the most sought-after licences in the crypto space.
“We are extremely delighted to be granted this prestigious license, as it marks the next step of our development. Our mission has always been that of providing a reliable, trustworthy and transparent product and user-experience, and being granted this license continues to prove how much we take security seriously,” says Instacoins CEO Jean Paul Bonnici.
In order to be granted an operating license, the FIU scrutinises the company owners’ criminal history record, as well as the company’s due diligence and anti-money laundering procedural rules and internal auditing rules.
“This is an important achievement both for our hard-working team and all our clients, who continue to trust Instacoins as their provider of choice,” adds Mr Bonnici.
Instacoins Estonia OÜ was incorporated in Estonia in October 2019 with registration number 14836937. This license – having number FVR001356 – was issued by the Government of Estonia on the 30th of January 2020.
Instacoins Estonia OÜ is a sister company of Instacoins Ltd which is incorporated in Malta and has been successfully servicing its clients for the past fifteen months.
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Source: Read Full Article